I am a huge supporter of tax reform. The left leaning tax policy center of course says no
The people of Iowa say yes according to this poll

What is your opinion?

Click to expand...

If you focus only on how the new rates will effect you, you miss the big picture.

His plan would remove so many Imbedded Taxes we pay it's not funny. Sure you will pay 9% sales tax, but the companies that make the products you pay that tax on. Will see a massive drop in taxes they pay providing the Product. Business will be able to make more Profit, while absorbing the 9% and not raising Prices at all. Which is good for us all, Believe it or not.

I am a huge supporter of tax reform. The left leaning tax policy center of course says no
The people of Iowa say yes according to this poll

What is your opinion?

Click to expand...

If you focus only on how the new rates will effect you, you miss the big picture.

His plan would remove so many Imbedded Taxes we pay it's not funny. Sure you will pay 9% sales tax, but the companies that make the products you pay that tax on. Will see a massive drop in taxes they pay providing the Product. Business will be able to make more Profit, while absorbing the 9% and not raising Prices at all. Which is good for us all, Believe it or not.

Click to expand...

Most of the "embedded" taxes will not be going away under 9-9-9, only those embedded taxes based on previous income from a federal level, it will have no impact on state taxes. Let's take the federal gas tax which is about $0.18 a gallon. If a gallon of gas cost $3.50 before 9-9-9 it will still cost $3.50 after because 9-9-9 does not touch state taxes or federal excise taxes, the $0.18 per gallon federal tax is still there. So now you pay 3.50 * 1.09 = $3.82 after the new 9% sales tax.

I am a huge supporter of tax reform. The left leaning tax policy center of course says no
The people of Iowa say yes according to this poll

What is your opinion?

Click to expand...

If you focus only on how the new rates will effect you, you miss the big picture.

His plan would remove so many Imbedded Taxes we pay it's not funny. Sure you will pay 9% sales tax, but the companies that make the products you pay that tax on. Will see a massive drop in taxes they pay providing the Product. Business will be able to make more Profit, while absorbing the 9% and not raising Prices at all. Which is good for us all, Believe it or not.

Click to expand...

Then why not simply reduce the corporate tax rate to zero or else 18%......?

I am a huge supporter of tax reform. The left leaning tax policy center of course says no
The people of Iowa say yes according to this poll

What is your opinion?

Click to expand...

If you focus only on how the new rates will effect you, you miss the big picture.

His plan would remove so many Imbedded Taxes we pay it's not funny. Sure you will pay 9% sales tax, but the companies that make the products you pay that tax on. Will see a massive drop in taxes they pay providing the Product. Business will be able to make more Profit, while absorbing the 9% and not raising Prices at all. Which is good for us all, Believe it or not.

Click to expand...

Then why not simply reduce the corporate tax rate to 18%......?

Click to expand...

And how does the country make up for the lose of tax receipts? Cut programs that help the already struggling Middle and poor classes? Right now the Corporate tax revenues are near record lows, despite good profits.

Income Slides to 1996 Levels

"The income of the typical American familylong the envy of much of the worldhas dropped for the third year in a row and is now roughly where it was in 1996 when adjusted for inflation.

Taxes...
1) A Federal tax of 18. 4 cents is collected in every state.
this works out to 5.17% right now!!!
2) BUT remember the following are HIDDEN TAXES!!!
a) Crude OIL taxes.. Oil Spill Liability Tax
The oil spill liability tax rate is $.08 per barrel and generally applies to crude oil received at a U.S. refinery and to petroleum products entered into the United States for consumption, use, or warehousing. The tax also applies to certain uses and the exportation of domestic crude oil.
Didn't know that did you??? This works out to annually $343,360,000 on 4.29 billion barrels imported annually.
$343 million in HIDDEN TAX Cain talks about!!!Publication 510 (07/2011), Excise Taxes

I am a huge supporter of tax reform. The left leaning tax policy center of course says no
The people of Iowa say yes according to this poll

What is your opinion?

Click to expand...

If you focus only on how the new rates will effect you, you miss the big picture.

His plan would remove so many Imbedded Taxes we pay it's not funny. Sure you will pay 9% sales tax, but the companies that make the products you pay that tax on. Will see a massive drop in taxes they pay providing the Product. Business will be able to make more Profit, while absorbing the 9% and not raising Prices at all. Which is good for us all, Believe it or not.

Click to expand...

With respect you know nothing about who I am and what I do understand,
I could not agree with you more, It is exactly my point(s)
Good thread
We pay all taxes, it frees up capital for any-one who makes over 30,000 or so

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